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is like barack obama and mitt romney -- >> that's right. in yonkers, new york, the worst. >> hardest this year and you were talking about it is breaking through and your ad that broke through virally -- >> yes. >> big bird. >> without any money behind it. >> you never spent -- never aired on actual television. >> it did. it was part of our rotation. just out of there in earned media, 5 million people went to look at it. >> here's the most viral ad of 2012. >> together, we can do this. we can take this country back. ♪ i am america ♪ one voice united we stand ♪ i am america >> there it is! does it get any better? >> it was a great ad and same time -- >> it was -- >> no desire whatsoever to be president. >> no path. >> it was like this is fascinating if you're not trying to be a serious presidential candidate. >> or just have fun. >> it's not just smoking. i'm anti-staff staffer. i think we have to -- >> you won't get -- >> no tv ads for any candidates i have worked for. >> gosh. >> holding him to that. >> advice for other staffers. >> all right. gaggle sticking with us. we have d
and requests what a lot of liberal democrats are feeling right now. what jonathan wrote why is obama caving on tacks? the discouraging thing about the fiscal cliff negotiations is not that they have gone into the eleventh hour. it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold is 250,000 to 400,000 are these people that are going to vote on it. nobody else really cares. all they really care is that you get a deal. these people are sitting at ground zero. these snores, these liberals. i'm a liberal. i don't care what the thereby hold is. i don't give a damn if it's a million. i just want them to get a deal or go over the cliff, but somebody just make up your min
the donald trump award. all right, let's start with the most valuable player of 2012, alex wagner. >> in my book, it is david, you saw the beginnings, with dean, and obama. >> krystal? the most valuable player? >> probably to waiter who placed the camera at the mitt romney fundraiser and captured the 47% comments, which i think showed a lot of people their concerns about mitt romney and the fact he really was not there for all of america. that he didn't understand the problems that average americans were facing. >> let's listen to that little moment of video history. the 47%. >> there are 47% of the people who will vote for the president, there are 47% of people who are with him. who believe that they are victims. who believe that the government has the responsibility to care for them. who believe they are entitled to health care, to food, to housing, to you name it. and so my job is not to worry about these people. i'll never convince them that they should take personal responsibility. >> a very valuable comment. >> i am going to go with bill clinton. >> one speech? >> it was 20 years in t
the scenes, but as for publicly right now, melis melissa, the white house is not talking. president obama is basically launching this public campaign to pressure republicans. president obama came out on friday and urged them to get behind his plans. again today he sat down with david gregory, of course, during that exclusive interview on "meet the press" and urged republicans to act saying that it appears all they are interested in is protecting taxes for wealthy americans. republicans, by the way, lashed out at those comments saying the president seems more interested in placing blame instead of actually leading, but that at this point in time seems to be president obama's strategy to some extent, publicly pressuring republicans to act and to move on these negotiations. so that is where this stands right now. the white house monitoring everything that's going on the hill quite closely, but i can tell you, melissa, that there is a sense of optimism that is waning here at the white house. you can sense that when you talk to the officials here. >> well, the eternal optimist. vice president
and back and forth negotiations. every single day. it's definitely a lot of kabuki theater right now and very little substance? >> clarence? >> i think you're right about that but my big theater of the year was watching president obama and chris christie there at hurricane sandy. it was -- pivotal political moment this year. most memorable scene and for a country looking for people who can work together across party lines it was a new symbol. >> and ruinous for whom? >> i don't think it's ruinous for christie at all. >> no, no. not christie. ruin the romney. >> oh for sure. >> romney was nowhere to be seen and he had been -- he had the big mo going in. best political theater u. n. ambassador susan rice spinning the benghazi attack. she ended the soap opera with letter withdrawing from her petition for the united states. >> that's the worst? worst is my friend clint eastwood. in the empty chair. >> now wait a minute. >> brought it out -- >> a lot of people liked that. >> it was okay -- i mean it was interesting. >> not good -- >> it blotted out all the film of the great things mitt ha
may end up compromising? >> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income over 250 you pay a little more in the new rates he's proposing. now, he's been willing -- it's been reported that he's gone as high as 400,000 in the negotiations with boehner. so that's a place for agreement. the other place is the estate tax. the estate tax is scheduled to rise by quite a bit at the stroke of midnight tomorrow night. republicans want to keep it low, democrats want it to go up a little bit. there's room for compromise there. and so, you know, it's not just marginal rates that are going up, there's a series of taxes that they're going to change. the thing that could not be settled today was this change cpi. essentially a benefit cut for social security recipients. that led to a breakdown in negotiations today, because republicans wanted those benefit cuts to social security. and democrats said no way. and that was the sticking point and that's when this thing moved from the senate over to
'll even slip in something about 2015 just for kicks. let's get right to my first brief. how did president obama weighed down by a jobless rate higher than any incumbent seeking re-election since fdr win 323 electoral votes, sweep 8 of 9 battleground seats? as the republican party picks up the pieces and looks ahead to 2016, here are lessons hopefuls from both parties might want to keep mind. if you don't define yourself, your opponent will do it for you. romney let the president's early attacks on his personal wealth and business background go largely unanswered. romney's campaign argued after a long and expensive primary, they had to choose how to spend at the time, limited funds, and they had to claim it was better than defenses of his personal record. in the end, obama beat romney by ten points. on the economic values question that was this, which candidate is more in touch with people like you. 53% said romney's polauolicies d favor the rich. just 10% said that about the president's policies. and romney, the first republican nominee in the history of our poll to go into a convention w
. and the last thing president obama wants is something that will stop what looks like a reasonably steady economic growth that we're having right now. this coming year could be a very good year for us if we don't let all this political nonsense get in the way. >> it's hard to imagine how it doesn't. you look at the record, and we talked about it, of this congress. fewer bills passed of any since they've been keeping records. 219, the previous he was 313 bills that got through congress. and a lot of them are basically, you know, naming a post office. and at the same time, it sounds like, tell me if you think something else is going on, this is going to be the narrowest of possible deals. tax rates are going to stay the same for people making 250, 400 or maybe $500,000 a year or less. and then all the other stuff is going to have to -- entitlements are going to be put off until 2013. the debt ceiling is looming there for 2013. i like your optimism, but i just don't know. >> you had my friend, tom mann on earlier. i think it's very important that what you had happen in the house is the most
much. all right. that was president barack obama speaking on what he says is an insight deal on the fiscal cliff but not a final deal. a lot of cheering. felt like a campaign-ish rally. we're not just doing on the spending side anymore but clearly an obama optimistic about this deal. its chances and what it means for the white house. that does it for this edition of "andrea mitchell reports." happy new year, everyone. "news nation" is next. >>> hello there, i'm t.j. holmes. president obama speaking just moments ago and putting the pressure on. with just ten hours until the country goes over that fiscal cliff, the president announcing that agreement to prevent tax hikes for all americans is in sight. but there is no deal just yet. >> today it appears that an agreement to prevent this new year's tax
is going to get the blame for this? >> well, that remains to be en, right? we saw -- we see president obama playing this game where he is not really taking position and blaming it on the speaker. the republicans of doing the same. at think what needs to happen is delayed another month and not try to stop something to get the last minute, even though they are the reason that it is the last minute. tom: they keep taking things down the road. thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, a you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ it was the biggest race of the year, and no matteoqat, i was gonna win. someti[js...things happen you just canoi explain. )a ♪ oh, i believe there e angels among us... ♪r> and some things ar more importanthan winnin
as the dynamic that's going on right now? >> well, let's put it like this. after the election, and barack obama won re-election pretty handily, as it turned out, after the republicans threw everything they had at him, after mcconnell said his top priority, as barney frank mentioned a few moments ago was to make barack obama a one-term president, wasn't to fix the economy, it was to make barack obama a one-term president, obama took all of that, he won. there was a sense in washington, among some people, i guess, i would call them sort of naive people, that the republicans might have learned something from that and might come to the table. but i'm afraid that, chris, they've learned precisely the opposite, that they're just going to double down in their opposition and that's what we're seeing so far with the failure to have a resolution to these fiscal cliff negotiations. john boehner -- >> but mitch mcconnell did reach ute to the president. do you see that as posturing, we're doing our best, or do you think the republicans are serious and feeling pressure about making a deal? >> i don't think t
again. but ultimately the way this is going to happen is because the american people say that's right. >> reporter: now remember president obama put vice president biden in charge of what's essentially a task force between different agencies and he has said he wants recommendations really right about now on exactly some recommendations for congress to move forward on. but we know that president obama has urged congress and will continue to do so in the new year to pass an assault weapons ban. to pass a ban on high capacity ammunition clips and to close the gun show loophole so all gun purchasers are suggest to background checks and he also wants to address the mental health issue. >> thank you. appreciate it. >>> if you were watching, the nfl playoffs are set. joe carter is here to tell us who is in and who is out. sunday was exciting. >> thank you. good morning. it was an emotional year, emotional day in indianapolis. head coach chuck pagano back on the sidelines. he's been out since september after being diagnosed with leukemia. arian foster tapping the chuck strong banner after sco
on the right. the red line shows support for mitt romney. the blue line support for obama who one big in the cities. this is part of the story of the 2012 election and maybe the
to the house. there is a new headline in "new york" magazine. it reads this. why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country like keith's former boss, president clinton, who understood the art of negotiation and actually getting there and rolling up his sleeves and having discussions well before everyone's back is against the wall. i can't believe i'm saying it but i am encouraged to see joe bide nen there and talking with mitch mcconnell. it is good to have the negotiations. they need to in her reference it's better to have them as fred as tear and ginger rogers dancing and discussing issues back and forth as opposed to what we have with thelma and l
with race np. >> and the the emphasis on black exceptional mds has been a problem in the post-civil rights era. racial progress is too often determined by the exceptional success of people such as barack obama and oprah winfrey." and she makes a great point there, but at the same time can they be representative of the aspirations of the group at the same time? her point is brilliant but -- joe louis represented our interests. so did -- >> sure. sometimes exceptionalism works against the african-american community. but also they reflect our current moment. there's something to be said about the way race operates here and reflects our society today. >> dr. james peterson, thank you so much. that's "the ed show." i'm michael eric dyson in for ed schultz. "the rachel maddow show" starts right now. ezra klein is filling in for rachel tonight. not django. good evening, ezra. >> good evening, michael. thank you very much. and thank you to you at home for sticking around for the next hour. rachel has a well-deserved night off. but today on the senate there was a rare sighting on the senate floor.
of this is making any sense, it's not right so i think it's going to go to obama. >> and going to get 299 electoral votes and obama by-- >> and new details of the ongoing controversy surrounding general petraeus. >> cheating general, shirtless fbi agent, beautiful biographer, it's the house wives of west point. >> kind of sounds like us. dana, what did you make of that. we went to the wardrobe selections, dresses we like and we don't. >> going to closet tomorrow on new years always good to do. and it was a great year and an amazing year, pretty stressful during the election time, i guess. >> yes. >> it got a little-- i got testy and sick to my stomach about it for hours because i don't like to get that way i'm glad the election is over. >> you feel bad about it. >> you don't feel bad afterwards. >> all the way through the whole year "the five" i never saw you get testy. >> me? >> i never saw you get really upset. i never saw the rest of you gang up on bob real fast. (laughter) >> and if you look at that retrospective. if you notice one of the problems romney had from the beginning not one mention
is right but to do in it a way that doesn't offend those people. remember, president obama famously said at a fund-raiser in the 2008 come pain that he wasn't doing well in pennsylvania because of people that cling to guns and religion. >> right. james, you know, don't offend gun owners piece jumped out at all three of us here today. 58% in a new poll said they want gun safety and there is a lot of interest in that that jumps from 42% a year ago but i don't think that the democrats are being offensive toward gun owners at all. the nra makes it seem like -- they fearmonger toward that idea but i think we need to not be offensive to those who have been killed and will be in the future by gun violence that can be -- and the nra leadership battles against even the most simple common sensical responses to this massive problem. >> and the white house certainly going to push. the president is going to talk about guns in his state of the union address next month. and my piece lays out as he does that, he can call for certain gun safety things. there's a lot that polls well, a lot that could argu
a cia director involved in an extramarital affair cannot be overplayed. >> all right, as we look back, let's begin with the top political story of the year -- the freight -- the reelection of barack obama. as "time" magazine plus a cover story states, barack obama will be the first democrat in more than 75 years to win a majority of the popular vote twice. mitt romney has to be asking himself, giving the magnitude of the president's problems and the great numbers of americans who believe the country was headed in the wrong direction, "how did i lose?" as the republican national convention, a vermont couple took the stage to describe how mitt romney helped their terminally ill son settle his affairs, but their story never meant it to tv. instead, the voters saw this. >> what do you want me to tell romney? i cannot tell him to do that. [laughter] >> that is a symptom of what went wrong in the campaign, and yet, as we observe here, we noted that the president was vulnerable at so many levels. the economic recovery moving at a snail's pace. there was great opposition to the affordable car
this with an all-volunteer service. >> all right. final thoughts on the year 2012. >> after last night, i want a man who had the good sense to marry michelle obama. [applause] >> i am nominating former president bill clinton's democratic national convention speech in 2012 as the political speech of the year. anybody want to challenge me on that? >> i echo that. he galvanized that convention. he brought them to their feet. he galvanized the political party. they came out of there as a united party, and energize the party. >> and he has a huge approval rating. this was a man who was impeached. >> there is a second and third life in american politics, and bill clinton proves it. the two most popular political figures in the united states are bill clinton and hillary clinton. he made a better case for barack obama and joe biden and barack obama and joe biden had ever made. the other thing about bill clinton's speech is he had the ultimate line in it -- "this economy was so bad even i could not have fixed it." >> i think you pointed out in the opening of the show what was the worst political moment
. to maintain cost and come pettive market we have to pay attention to. president obama is beholden to unions. he's made a point of supporting them. >> look at how the unions built the stronger middle class and stronger america. >> day after that, michigan became the 24 state to pass right to worklaugh. the president option to reward unions are limited. >> we'll expect the leadership from president obama. >> more than 5700 new regulations posted in 90 days alone. >> way to do it from the union per speculative to raise the workers' pay around the world. >> laying the ground work to protect workers from detroit to juarez to shanghai to bogata. getting the government and multinational organizations to agree is another matter. >> bret: thank you. still ahead, the french soak the rich tax proposal hit a speed bump. law enforcement works on setting a legal limit for driving after smoking pot. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't g
than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about run out of time. >> if we go over the cliff, and that's where we're headed, mr. president, the house of representatives as we speak with four days left after today before the first of the year, aren't here with the speaker having told them they'll give them 48 hours notice. i can't imagine their consciences, out wherever they are around the country and we're here trying to get something done. >> we're awaiting reaction from the senate minority leader, mitch mcconnell. when that happens we'll go live to the senate floor but a spokesman for john boehner says senator reid should talk less and legislate more.
no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now both parties in the senate are meeting behind closed doors to discuss what was going on and what they may or may not be able to agree to as you've reported throughout the hour. mitch mcconnell has reached out to vice president biden, two experienced legislative hands who have worked together on these types of deals before. if anyone at this late hour could get a deal done it would likely be these two. keep in mind, no matter what deal is crafted on in the senate, voted on tonight and tomorrow morning it still has to get passed here in the house where i'm standing right now. we were talking to tom cole a little while ago on the show. off camera he was tel
: "america live" starts right now. rick: we begin with a fox news alert. we have got even word a few moments ago that we will hear from president obama. he will be speaking in about a half an hour from now on negotiatings over a debt deal 0, just about 11 hours left now until washington's failure to reach a deal would trigger a big series of tax hikes and spending cuts. welcome to "america live" i'm rick folbaum. >> i'm arthe arthel nevel. the president is expected to make remarks within the hour about the on going negotiations about the so-called fiscal cliff. we'll bring that live to you when it happens. sources are telling fox news that congress has figured out the tax part. the main bone of contention is at this point the spending. the white house wants new spending using tax hikes to prevent some of the severe budget cuts that also kick in in 11 hours from now. republicans argued that is just robbing pete tore pay paul. chief congressional correspondent mike emanuel is live at the capitol following all of the bouncing balls. hey, mike. >> reporter: one concern for republicans as they lo
they voted on them. i thought that was a good idea. obama campaign promising the negotiations would be on c-span. what they're doing right now is fundamentally wrong and not likely to help very much, and just leads us to the next crisis, which will be over the debt ceiling, to be followed by another crisis. >> i'm going to ask you to stick around if you can. >> unfortunately, i can't, but i do want to wish you a happy new year despite the fact that you're in washington. >> mr. speaker, to you and the entire family, we wish you a happy new year as well. we'll see you back here in washington at some point, i'm sure. >> take care. >> thank you very much. we'll get senator rand paul's perspective on what's going on. the republican senator from kentucky, when we come back. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot
into this summertime assault on romney? >> we really think that president obama won the campaign in the spring. and what is key is in the west wing, in late may his advisors basically told him we want to spend the fall's budget right now, on a really tough tv assault against romney. and the president had to be convinced by the advisors to do this, and obviously he was thinking financially are we going to have that money in the fall or spend it now it was a risk but one that ultimately paid off for president obama. governor romney at that point was still trying to put together the pieces for his primary just ended. >> why didn't he respond? why didn't they refute the attacks about bain capitol? >> one of the issues was governor romney was just not willing to lend himself money as he was in 2008. there was a perception among his senior staff that he didn't want to be seen as buying the election. so in order for him to have gone toe-to-toe with obama at that point in time he would have had to use his own money and that wasn't even broached in the campaign. >> warner: one of the most fascinating t
how often the visits should happen. >>> some live pictures right now from the white house where, again, in a few minutes a meeting will happen between president obama and congressional leaders. vice president joe biden will be there. they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> there's a lot going on this last friday of 2012. here's some of the things we thought you should know. tributes continue to come in for general norman schwarzkopf and nick nated stormin' norman for that legendary temper. he died yesterday in tampa of complications of pneumonia. he's credited f
, as well. i think in obama's proposal, he wasn't moving as much on the dividend tax as a compromise but, you know, that never settled at the end of the day. >> all right. enjoy that 4.2% payroll tax rate while it lasts. >> absolutely. >>> up next, freedom of speech with the right to bear arms. that's in the spin cycle. >>> amber and marcy and paul started north carolina based footsteps clothing which had a booming christmas themed pajama line. not wanting to be just a seasonal business, they added other holidays and eventually expanded to products that celebrate family life. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] ca
assault on romney? >> we really think that president obama won the campaign in the spring. and what is key is in the west wing, in late may his advisors basically told him we want to spend the fall's budget right now on a really tough tv assault against romney. and the president had to be convinced by the advisors to do this, and obviously he was thinking financially are we going to have that money in the fall or spend it now it was a risk but one that ultimately paid off for president obama. governor romney at that point was still trying to put together the pieces for his primary just ended. >> why didn't he respond? why didn't they refute the attacks about bain capitol? >> one of the issues was governor romney was just not willing to lend himself money as he was in 2008. there was a perception among his senior staff that he didn't want to be seen as buying the election. so in order for him to have gone toe-to-toe with obama at that point in time he would have had to use his own money and that wasn't even broached in the campaign. >> warner: one of the most fascinating things i saw here w
this, he also says health care costs could double for some groups by 2014 due to obama care. we've got aetna's ceo coming up next. >>> and also just what our economy needs right now. just how will harsh weather impact your money as we wrap up the year? we'll break it all down for you right here on cnbc. cnbc. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. your doctor will say ge
. >> right. >> your party's nominee last year ran against obama -- or in this campaign ran against obama for cutting medicare. what are the specific entitlement savings that you guys want to enact? because that's your ask of obama. he's told you what taxes he wants to raise. >> i've got a whole list of them. i mean, certainly starting with chain cpi, but the age, the copay, means testing. >> he's agreed to that. >> betting on competitive situation in between medicare manage and deeper service without any cap i mean it adds up to about a trillion dollars. and when you have a situation where americans are paying one-third of the cost of medicare, i don't think people realize that, but literally people are paying one-third of the cost of medicare, we have 20 million more americans coming on medicare over the next decade, i mean it's a time bomb. >> i agree with you it's a time bomb. but remember that the -- the standing document for republican boldness is the ryan budget. you get credit for that. he did not have ten-year savings on medicare and social security. >> and i do. i think we obvio
to bring this to sort of where we are right now in our politics. and you know, there's a lot of folks saying, geez, if obama could just be like lincoln in the movie. but one of the big differences between now and then, it's just simply on patronage. i think it's interesting that as you point out, lincoln was very aware that you could buy people off. that is something that is harder to do today. >> it is. lincoln was the consummate politician and that's one of the things i really try to bring out, is that his success first and foremost derived from his political acumen. he spent dozens and dozens of hours, even in the middle of this crisis of the war, attending to issues like patronage, like people's, you know, egos, feeding their egos, and he didn't let his own ego get involved in it. >> you tell me, and i just assume maybe i'm oversimplifying, but one thing the presidency destroyed, did it destroy his personal life? >> it was extremely painful. this year really begins, in a sense, with the death of his beloved son, willie, who was 11 years old and died in february of 1862. that sent
cain. it was a fascinating subtext. let's look ats senator mccain. >> it's the right thing to do, but the wrong way to twin. >> who have been vetted? >> romney, paw lenty and trying to vet bloomberg. >> none of them. >> obama changed the entire dynamic. it is a changed year, sir. we desperately need a game changing pick. none of these middle aged white guys are game changers. >> ed harris is just remarkable. john mccain didn't always come across so well in the book. times when he was fumbling through papers, going with bernanke and paulson about the melt down that seems every bit as disconnected. this movie he comes across as 100% grade a all american hero. why did he make that decision? >> i admire john mccain and admire especially early john mccain and was a fan for years and i think he found himself in a very tough pickle in the beginning of this story. obama was surging in the polls. it was all kind of going to a very tough place when he had to make the decision. i felt i want the audience to be in his shoes and look at the dilemma he faced. especially when people say you can take this risky choice or
it is getting back to work trying to get the house to attending. president obama just getting off of air force one right now. he has already made phone calls to all of the house and senate leaders trying to get this deal done before the end of the year. senate majority leader read speaking a short time ago saying he is it appears likely we're going over the fiscal cliff. over that news we sauce starts beginning to drop and the dow industrial average down seven points. we call it a fiscal cliff and it looks like we're going off the end of this cliff. most americans will not feel the effect of this but on your first paycheck you will probably get about a 4 percent cut. because the irs does not know what at the congress is doing they're not instructing employers on what to do just yet. >> we will be back in just a couple of minutes. >> calling this developing story this morning in walnut creek. a person is dead after an officer involved shooting at an apartment complex during the early morning hours in walnut creek. will tran is there live gathering information and he done this with an update on
? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giving explanations for 99.8% of americans who are not accountants. but the amt patch will affect you for the 2012 income, and not the 2013, so that matters immediately. >> right. in effect, the
seats. these districts are drawn, and republicans are more worried about a challenge from the right in a primary than a general election. you need more contests where people have to come to the middle. i'll be around. >> you sure will. thank you as always. >>> president obama says he'll put his full weight behind a law to prevent gun violence. listen to what he said this morning on "meet the press." >> it is not enough to say this is too hard so we're not going to try. i intend to meet with republicans, meet with democrats, i will take to anybody. i think there are a vast majority of responsible gun owners out there who recognize you can't have a situation in which somebody with severe psychological problems is able to get the kind of high capacity weapons that he -- this individual in newtown obtained, and gun down our kids. >> the president says he will put forward a very specific proposal and would like to get through congress in the first year of his new term. >>> the senate has approved a $60.4 billion recovery package for areas affected by superstorm sandy. the bill faces an u
not be tonight. >> president obama putting pressure on lawmakers to reach a deal. mr. obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >>
ceiling as barack obama did on tax rate. uma: you call everything going on in washington right now dysfunctional. the american people are kwaeutinwaiting to see what is going to happen here. many people are frustrated and upset that once again we are at the 11th hour trying to get a deal done at a time when there was a lot of time before this to work something out. >> because the senate doesn't function any more. the house has passed three or four bills to avoid sequestration, to save the military from these cuts, to deal with the fiscal cliff. if you don't like the house's product bring it on the floor of the senate and let's change it. let's start being legislators instead of just a place where ideas go and die in the united states senate, it's embarrassing to me being the most deliberative body in the world and not be able to have a debate about how the fiscal cliff drama should end. we should have had the house bill on the floor months ago. harry reid blocks everything coming from the house, this place is completely dysfunctional and this is why you wait on new year's eve to fi
greenhaus. let me say, you're hilarious and i'm going to miss you. jonathan tweeted, obama has utterly caved on taxes and inviting future hostage tactics by the gop. does that sound right to you? >> no. in the first place, he has insisted on raising taxes, letting taxes go up, is what we're doing, for people above a certain income level. he does not control the house of representatives. part of this issue, you know, people forget, the american people are the ones who set this stage. they voted for one set of people in 2008, then they changed their minds. at least those who voted, and voted for a different set of people in 2010. we have an unusual constitution. in america you're governed by the results of the last three elections, not just the last election in most other democracies. that's why you have this deadlock. i do believe the 2012 election moved us in this direction. so no, i don't think the president's caved totally. he's made some reasonable compromises with reality. the point that he's inviting, hesitating, is just wholly inaccurate. he doesn't have to invite hostage taking. the n
. the 100 of congress continued to spar with president obama and each other over the fiscal cliff. joining us from inside the beltway, peter barnes, rich edson standing by on capitol hill. all right. what are we waiting and? >> reporter: significant progress is what aides are telling us. they're working with the current framework right now. what it would do is protect income amounts of less than 400,000 for individuals, four under and 54 families, from a tax increase it includes extending current levels of the estate tax, preventing tens of millions of americans from having to pay the alternative minimum tax this year, ensuring that doctors who treat medicare patients don't get an automatic pay cut. long-term unemployment insurance. while lawmakers are discussing right now with the white house is how to deal with the sequester, those automatic spending cuts of 94 billion that are supposed to start next year. negotiations continue with senate minority leader mitch mcconnell leading the way for republicans, and a vice president discussing for democrats. we are starting to get some lawmakers
. may be getting a deal. we're close, says the president. we'll be right back. shibani: good afternoon. 2:00 on the east coast. i'm lori rothman. we heard from president obama. did he mock congress? ashley: a little bit. this is busy day on new year's eve. not a done deal. we're making progress on an agreement. there is more work to do. the hour is. lori: fiscal cliff taking away from what has been a solid year for stocks. s&p 500 up 11 1/2%. nasdaq up 14%. accordingly we're looking for answers. ashley: apple shares clawing back from the three-month slide. baron's jack hough says the stock has more upside ahead and he will explain why. lori: as we do every 15 minutes, let's head down to the floor. diane macedo covering all the action. diane, stocks climbing ever so slightly higher. all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before th
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